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3410 Thaxton (& 14,18,22,30,34,38) Avenue SE

Albuquerque, NM 87106
  • $2,495,000
  • STATUS: Active
  • ON SITE: 212 Days
  • MLS #: 1013743
UPDATED: 138 min ago
$2,495,000
  • 2
    BEDS
  • 0.14
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 21,420
    SQFT
  • $116
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

8 unit portfolio of seven fourplexes, owned by the same family for over 25 years. Located at 3410, 3414, 3418 , 3422, 3430, 3430 and 3438 Thaxton SE, this community is served by all of the new employment and restaurants along the Gibson/Airport corridor.This value-add asset is ripe for an investor looking to reposition an asset. Full inspection reports are now available and the new price reflects the work that could be done by the next owner.As the ask price of $2,495,000 and with an average rent of $712, the measures of investment performance include $89,107 per unit, $116.48 per square foot, a before reserves cap rates of 6.25%, and an after tax IRR of 14.00%.If rents are moved to market of $895, measure of investment performance improve to a cap rate of 8.04%

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IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or NM Homies | Realty One of New Mexico. Data last updated: 2022-12-01T00:05:13.36.
www.nmhomies.com/homes/128262026
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3410 Thaxton (& 14,18,22,30,34,38) Avenue SE Albuquerque, NM 87106

  • Price: $2,495,000
  • Status: Active
  • On Site: 212 Days
  • Updated: 138 min ago
  • MLS #: 1013743
2
Beds
1
Baths
0
½ Baths
0.14
Acres
21,420
SQFT
$116
$/SQFT
1963
Built
Neighborhood:
Knob Heights
County:
Bernalillo
Area:
42 - UNM South
Property Description
8 unit portfolio of seven fourplexes, owned by the same family for over 25 years. Located at 3410, 3414, 3418 , 3422, 3430, 3430 and 3438 Thaxton SE, this community is served by all of the new employment and restaurants along the Gibson/Airport corridor.This value-add asset is ripe for an investor looking to reposition an asset. Full inspection reports are now available and the new price reflects the work that could be done by the next owner.As the ask price of $2,495,000 and with an average rent of $712, the measures of investment performance include $89,107 per unit, $116.48 per square foot, a before reserves cap rates of 6.25%, and an after tax IRR of 14.00%.If rents are moved to market of $895, measure of investment performance improve to a cap rate of 8.04%
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels One Stories Total 1

Interior Features

Basement YN No Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring CarpetVinyl Heating CentralForced Air Heating YN Yes Laundry Features Washer Hookup

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 21420 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 231241 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 95057 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 1885.84 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedSewer ConnectedWater Connected Zoning Description R-Mh*

Southwest MLS] logo Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2022 Southwest Multiple Listing Service, Inc.


IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or NM Homies | Realty One of New Mexico. Data last updated: 2022-12-01T00:05:13.36.
 
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7441 Alameda Blvd. NE
Albuquerque NM, 87113